State CPA Societies July 11, 2026
State CPA Society News & Updates – July 2026
State CPA Society News & Updates is a selection of recent announcements and initiatives by CPA associations in the United States and its territories.
Accounting April 16, 2025
Survey of Massachusetts CPAs Reveals Outmigration, Workforce Strains and Urgent Need for Tax Reform
The report analyzes insights from nearly 200 CPAs representing approximately 4,600 high-income clients and dozens of in-state business leaders, offering a critical pulse on the tax, workforce and business trends.
Taxes April 16, 2025
How to Navigate Depreciation Deductions for Business Property
Generally, you can claim depreciation-related tax breaks for qualified business property that is “placed in service” during the year. But in a new case involving a yacht chartering operation, the Tax Court acknowledged that these can be tricky tax waters.
IRS April 16, 2025
Roughly 20,000 IRS Workers Have Requested DRP 2.0 Offer, Reports Say
About one-fifth of the IRS workforce has requested to take an offer through the second deferred resignation program to be put on paid administrative leave through the end of September.
Small Business April 16, 2025
Economists See Tariffs Eating into Growth and Hiking Prices as Recession Fears Loom
Prominent economists are lowering their U.S. growth forecasts this year while hiking their expectations for inflation, with the tariff war raising the likelihood of a recession.
IRS April 16, 2025
IRS Workers Faced a Resignation Deadline as Americans Rushed to File Their Taxes
Monday was the last day for IRS workers to upload their resumes, so agency leaders could determine their qualifications, which they were instructed to do earlier this month as part of a planned reduction in their workforce.
Payroll April 16, 2025
Bay Area Gen-Z Entrepreneur Uses AI to Help Job Seekers
Since its launch, Simplify has processed over 30 million job applications, saving users thousands of hours and significantly increasing their chances of landing offers.
Technology April 16, 2025
AI Data Centers Could Spike Power Bills for Consumers
In many places, a sharp uptick in power demand has been driven by data centers, the industrial buildings that house huge banks of computer servers and support our increasingly digital society.
Accounting April 15, 2025
13 is Not an Unlucky Number For PwC
For the 13th consecutive year, PwC was named the top accounting firm in the U.S., according to the latest ranking of the best 25 firms to work for in 2026 from Vault.
Accounting April 15, 2025
Auditors Once Feared AI Would Take Their Jobs, Now They Need it to Save the Profession
The widespread growth of GenAI-powered tools for audit firms has made it possible to scale quickly. For firms that have not yet committed to adapting, however, the performance gap with firms that have will soon start to reveal itself.
IRS April 15, 2025
IRS Chief Information Officer to Exit Agency
Rajiv Uppal, who has served as CIO since January 2024, is leaving the agency, adding to the growing list of IRS leaders who are planning their exits as a result of the Trump administration's plan to reduce the federal workforce.
Accounting April 15, 2025
AICPA Signals Strong Support for Legislation Recognizing Accounting as STEM
The American Institute of CPAs (AICPA) is signaling its strong support for bipartisan legislation to establish the accounting profession as a career pathway through Science, Technology, Engineering and Math.
Taxes April 15, 2025
IRS Plan to Give Data to ICE Could Wallop California
According to the Institute on Taxation and Economic Policy, undocumented taxpayers contributed an estimated $8.5 billion in state and local taxes in California in 2022, more than in any other state.